182
182
Mar 1, 2012
03/12
by
CNBC
tv
eye 182
favorite 0
quote 0
and today, this defensive sector was to the down side. we had people with a greater risk appetite than they did the previous day. i want to go to chris. you're expecting something of a correction at some point this year. what about oil? if oil continues higher, at some point, that could cause a correction, couldn't it? >> no question about it, bill. gasoline as a derivative coming off the price of oil as well. highest gasoline prices we've seen at this point of the time of the year ever. what happens this summer as the economy continues to improve. you'll see that. one of the major fault lines out there. but it becomes self-limiting. if it sticks up there in those prices for a few months, to six months, it starts to roll things back. so it is transitory. but it is a concern. >> do you like energy here? >> we like certain energy companies that are more of those who transport the good, or the commodity, not those who particularly own the commodity. it becomes self-limiting, so their earnings start to suffer. >> they make money no matter wha
and today, this defensive sector was to the down side. we had people with a greater risk appetite than they did the previous day. i want to go to chris. you're expecting something of a correction at some point this year. what about oil? if oil continues higher, at some point, that could cause a correction, couldn't it? >> no question about it, bill. gasoline as a derivative coming off the price of oil as well. highest gasoline prices we've seen at this point of the time of the year ever....
121
121
Mar 8, 2012
03/12
by
CNBC
tv
eye 121
favorite 0
quote 0
take profit and play a little defense now. >> jerry, do you agree? are we going to have a trending market for the rest of the year? and if that is indeed the case, certainly makes your selection process very, very important. >> yeah. i think most folks don't want to get too far out on a limb talking about the real structural positives in this market. we're on the other side of that. we'll acknowledge that days like tuesday and issues in the world economy are always going to put us at risk. we're of the mind though to look at now as it has been a big change in the structural underpinnings in these markets. i don't think anyone can argue 12, 13 times earnings makes any group of stocks expensive. what we have to ask ourselves is what will drive them higher. world liquidity wave about to hit the shores of all these economies that we think will do that. and you just can't ignore when now the european problems have been put behind us in a broad context. and their economy's willingness to absorb some of these bad credits, it's going to put all markets in a
take profit and play a little defense now. >> jerry, do you agree? are we going to have a trending market for the rest of the year? and if that is indeed the case, certainly makes your selection process very, very important. >> yeah. i think most folks don't want to get too far out on a limb talking about the real structural positives in this market. we're on the other side of that. we'll acknowledge that days like tuesday and issues in the world economy are always going to put us...
260
260
Feb 9, 2012
02/12
by
CNBC
tv
eye 260
favorite 0
quote 0
i think the usual suspects on the defensive side make sense, utilities, anything that has a decent dividend in the low interest rate environment. and some of the commodities as well. but i think the bigger point here is we've had had a great run since early october. it makes sense to take some profits and at least move some of that money to the sideline and with the money that you do have in the market i think you want to be in areas that are less cyclical, things like health care, utilities, et cetera. >> bill, we're going to have to leave it there. we'll get more of your insight later. for now back to ross. >> yes, shares in daimler, one of the best performers here today in europe, up over 4% in frankfurt. mercedes-benz hiked its dividend after beating profit forecasts in the fourth quarter and expect vehicle sales to rise significantly in 2012 adding that it aims to maintain earnings at the same level as last year. joining us first here on cnbc i'm happy to say is the ceo dieter zetsche of daimler. thanks very much, indeed, for joining us. the stock has responded to your dividend hike. b
i think the usual suspects on the defensive side make sense, utilities, anything that has a decent dividend in the low interest rate environment. and some of the commodities as well. but i think the bigger point here is we've had had a great run since early october. it makes sense to take some profits and at least move some of that money to the sideline and with the money that you do have in the market i think you want to be in areas that are less cyclical, things like health care, utilities,...
362
362
Jul 9, 2012
07/12
by
CNBC
tv
eye 362
favorite 0
quote 0
on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the same time world events drive these things and things change rapidly where we are right now we're positioning, a lot of us are repositioning our portfolios to meet the new environment. for the most part defense budgets are still fairly strong. >> i know you're in a quiet period. investors are always worried when defense budgets tighten that profitability is going to shrink for the defense companies and shrink at a moment's notice. how confident are you that you can grow profit over the next two or three years in a tighter defense budget environment. >> every cloud has a silver lining and quite honestly there are opportunities even in a tighter defense budget. one of the nice things about raytheon is our balance and portfolio where we have a domestic, about 75% of our sales and about 25% com
on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the same time world events drive these things and things change rapidly where we are right now we're positioning, a lot of us are repositioning our portfolios to meet the new environment. for...
143
143
Nov 26, 2012
11/12
by
CNBC
tv
eye 143
favorite 0
quote 0
he will remain defense chief until after the next set of elections. right now it's time for today's edition of the global markets report. european stocks having a pretty good week last week we are weighted to the down side after that good week. dean klein ye 7:2 at the moment, but not a bad week at all. ftse up nearly 4% last week, up 5% for the dax, 5.6% for the cac. ftse down a third, spanish yields pretty low reading. well away i suppose from the 6% mark is what i'm saying. ten year bund yields 1.4 p. we've seen the dollar index just down on a three week low at the moment. plenty of focus on yen. dollar-yen 81.98. pulling away from the 7 1/2 month high. aussie dollar back over 1.04. sterling-dollar just on the 1.60 marks as you can see. that's where we stand in europe. let's check in on the asian trading session for the first time this week. >> mixed trade here in asia. investors cautious ahead of the eurozone finance ministers meeting. but the nikkei continued to push higher as exporters gained on the yen's weakness. troubled electronics firm surg
he will remain defense chief until after the next set of elections. right now it's time for today's edition of the global markets report. european stocks having a pretty good week last week we are weighted to the down side after that good week. dean klein ye 7:2 at the moment, but not a bad week at all. ftse up nearly 4% last week, up 5% for the dax, 5.6% for the cac. ftse down a third, spanish yields pretty low reading. well away i suppose from the 6% mark is what i'm saying. ten year bund...
174
174
Nov 22, 2012
11/12
by
CNBC
tv
eye 174
favorite 0
quote 0
. >> the it turn kish government stressed the tee employment will be defensive only. and that it will in no way support a no-fly zone or any offensive operation. >> the situation is detearer be rapidly as rebels continue to battle government forces. so still to come on the show, as tensions simmer between china and japan, our panel exams if asia's top economies can still do business despite national list tick further at home. >>> hsbc's flash pmi shows china's packer to activity expanding above the key 50 level for the first time in more than a year. stocks in shanghai fall on fears they may rein in on stimulus. and no sign of compromise as eu leaders begin arriving in brussels for what could turn into four days of budget talks. david cameron iterating his criticism of increasing the bloc's spending. palestinians pour into the streets as eight days of strikes end between israel and hamas. this is a thanksgiving day holiday. so happy thanksgiving if you celebrate it. slim gains yesterday. ibex up 0.8%. we are focusing on spain in the next 15 minutes. we have spain tapp
. >> the it turn kish government stressed the tee employment will be defensive only. and that it will in no way support a no-fly zone or any offensive operation. >> the situation is detearer be rapidly as rebels continue to battle government forces. so still to come on the show, as tensions simmer between china and japan, our panel exams if asia's top economies can still do business despite national list tick further at home. >>> hsbc's flash pmi shows china's packer to...
222
222
Oct 19, 2012
10/12
by
CNBC
tv
eye 222
favorite 0
quote 0
we will get to the point where we realize that the off loading of defensive positions that we've seen over the past couple of days is probably the wrong thing to do because we haven't solved anything. >> the dirty staples trade is all about the more controversial stuff. it's about the cheaper stuff. so dann non is an example of that. karlsburg is a favorite of mine. >>> today is the 25th anniversary of black plmonday. when the dow fell 22.6%, the worst one day plunge in history. >> it is a day in bold print in history books, black monday, october 19th, 1987, when the stock market went into a free fall losing more than in one day than it did on black tuesday in 1929. >> look at that tom brokaw, 25 years ago. anyway -- >> i like how he said 1929. >> that was of course black monday 25 years later, joining us now with a market retrospective is david blitzer. david, do you remember that day? >> yes, i do. it was a long time ago, but i definitely remember the whole thing from start to finish. >> we've had people sort of writing in with their experience. what was yours? >> i don't think it w
we will get to the point where we realize that the off loading of defensive positions that we've seen over the past couple of days is probably the wrong thing to do because we haven't solved anything. >> the dirty staples trade is all about the more controversial stuff. it's about the cheaper stuff. so dann non is an example of that. karlsburg is a favorite of mine. >>> today is the 25th anniversary of black plmonday. when the dow fell 22.6%, the worst one day plunge in history....
217
217
Sep 18, 2012
09/12
by
CNBC
tv
eye 217
favorite 0
quote 0
. >> china's defense minister says beijing has the right to take further action against japan, but both sides urge a resolution after markets take a hit with the tensions. >> spanish government says it's still considering the terms of a possible bailout as bad loans are expected to reach a record high. >>> and u.s. regulators are searching for the cause of monday's rapid plunge in oil prices saying it's unclear if high speed trading played a role. >>> plus mitt romney tried to explain controversial comments, but the republican presidential candidate isn't backing down. >> welcome to today's program. we'll kick off with some news out of friess. finance minister says they will meet the 2012 deficit targets in nominal terms, but not as a percentage of gdp. >> you stack that up against a lot of countries, they would be looking pretty good. unfortunately, they're coming from such high prior deficits and have had to do a lot of adjustment on the spending side. >> various brokers take on the euro group meeting, that they were being allowed another two years sort of suspension of debt repayment
. >> china's defense minister says beijing has the right to take further action against japan, but both sides urge a resolution after markets take a hit with the tensions. >> spanish government says it's still considering the terms of a possible bailout as bad loans are expected to reach a record high. >>> and u.s. regulators are searching for the cause of monday's rapid plunge in oil prices saying it's unclear if high speed trading played a role. >>> plus mitt...
251
251
Oct 9, 2012
10/12
by
CNBC
tv
eye 251
favorite 0
quote 0
reuters quoting the british defense secretary saying they will discuss the proposed mernl merger. the company hasn't decided whether to ask for an extension of time or not. >> hard to imagine they won't. >> absolutely with a deal this size with so much still to be worked out. the imf, though, saying the global economic slow down is worsening as it cut its slow down for the second time since april. u.s. fiscal cliff is one of the top issues. here onset with us is chris whatley from long view economics. welcome. do you agree with the imf this is something everyone should be worried about? >> absolutely. there is a lot of risk in the global economy at the moment and fiscal cliff is clearly one. but in some shape or some form depending on the outcome of the election, there will be some fiscal timing into the states next year. china is disappointing, euro remains in recession and the industrial side of the states is in a recession, as well. so it's will that as if the major regions of the world, the u.s. consumer is the only thing surprising to the up side. >> so what measures in parti
reuters quoting the british defense secretary saying they will discuss the proposed mernl merger. the company hasn't decided whether to ask for an extension of time or not. >> hard to imagine they won't. >> absolutely with a deal this size with so much still to be worked out. the imf, though, saying the global economic slow down is worsening as it cut its slow down for the second time since april. u.s. fiscal cliff is one of the top issues. here onset with us is chris whatley from...
173
173
Mar 12, 2012
03/12
by
CNBC
tv
eye 173
favorite 0
quote 0
>>> the greek finance minister says a credit defense is not important for the country as a real economy. earlier we spoke to isd aa's german chancellor and what the event says about the cds market as a whole. >> i think originally it shouldn't be a credit event so the greeks will try to maneuver around it so that made that reflect on the product. we saw that it did and the committee -- we're just really doing what -- people haven't looked at the committee. 50 credit events or are more. we're doing what we always do in according to the process. it might be boring to people on the outside, but we just do what we do. >> andrew, what does this series of events tell us about how the cds market works? is it functioning? >> i think the controversy we saw over the last couple of weeks, is it triggering? why isn't is triggering? it has been related to the fact restructuring hadn't yet occurred so the event proposed, people ask the committee, does that trigger cds. they said, no, because the restructuring hasn't occurred yet. what we had was once the restructuring actually did happen the cds cont
>>> the greek finance minister says a credit defense is not important for the country as a real economy. earlier we spoke to isd aa's german chancellor and what the event says about the cds market as a whole. >> i think originally it shouldn't be a credit event so the greeks will try to maneuver around it so that made that reflect on the product. we saw that it did and the committee -- we're just really doing what -- people haven't looked at the committee. 50 credit events or are...
244
244
Sep 17, 2012
09/12
by
CNBC
tv
eye 244
favorite 0
quote 0
you're allowed a golden share with a defense company, but not with an aerospace or like airline make business. >> something we've learned about brussels, they're open to negotiation. >> but that's the ultimate irony. brussels which is pushing for the one eurozone state might be the institution that might block the one european company. that would be really ironic. >> moving on to china construction bank which has reportedly set it sights on europe, in an interview, the financial times group's chairman has said the company is looking to spend around $15 billion to buy a whole bank or stake in a larger entity. and if the deal goes ahead, it would be china's biggest foreign bank acquisition. and there's a story again here in the paper of $16 billion for this deal in europe. china, though, has been burned in the past by its investments. notably in u.s. banks. >> i won it ter what yder what 6 billion in the banking sector. six months ago, would you have got a good price in june. that was the time to buy. >> rbs and commerce bank are named. >> is the british public ready to sell their stak
you're allowed a golden share with a defense company, but not with an aerospace or like airline make business. >> something we've learned about brussels, they're open to negotiation. >> but that's the ultimate irony. brussels which is pushing for the one eurozone state might be the institution that might block the one european company. that would be really ironic. >> moving on to china construction bank which has reportedly set it sights on europe, in an interview, the...
242
242
Oct 8, 2012
10/12
by
CNBC
tv
eye 242
favorite 0
quote 0
. >> meanwhile britain's largest businesses are adopting more defensive strategies. this is one of the latest findings of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of
. >> meanwhile britain's largest businesses are adopting more defensive strategies. this is one of the latest findings of the deloitte cfo service. they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk...
155
155
Jun 15, 2012
06/12
by
CNBC
tv
eye 155
favorite 0
quote 0
we kept gold in the portfolio as a defensive die seversifdiversi. i would suggest and look at the price of gold, hasn't been where we would have expected it to have been this year, based on the volatility in the market and the level of worry in the marketplace. but as a diversifier, it certainly adds value. in terms of going back to the overall u.s. versus europe scenario as well, it's important to understand, as we look a the macro views, those governments that are pro austerity, that have been recently formed and looking for a resolution to the eurozone crisis versus the current situation in greece, where we still don't know what type or form the coalition will take. >> i could talk to you more, but it's a busy day. come back soon. the swiss national bank chairman has maintained his robust view, and he has been speaking exclusively to carolyn. so that 120 line in the sand ain't going anywhere, i take it? >> nope. not at all. when i spoke to him yesterday, he said over and over again, yes, this is our task. we will defend that 120 level no matter w
we kept gold in the portfolio as a defensive die seversifdiversi. i would suggest and look at the price of gold, hasn't been where we would have expected it to have been this year, based on the volatility in the market and the level of worry in the marketplace. but as a diversifier, it certainly adds value. in terms of going back to the overall u.s. versus europe scenario as well, it's important to understand, as we look a the macro views, those governments that are pro austerity, that have...
231
231
Nov 19, 2012
11/12
by
CNBC
tv
eye 231
favorite 0
quote 0
they were short down by the iron dome missile defense system. but so far the violence hasn't stopped. it's been going back and forth. the worst attack, a residential building, two stories that collapsed after it was hit, 12 killed, ten of those from the same family. >> i'm just thinking back to when hamas did legally win the general elections in 2006. they then seized control of gaza 2007 and kept the block and i had in place. do you think the israelis are doing everything they can to avoid now a ground invasion, or is there a notion that a ground invasion is inevitable that the stage? >> it depends. i don't think there is an inevitability. there are different camps as to whether they can achieve their goals. certainly there are those who believe a ground invasion is what they need. and then there are those that would like to see some sort of cease fire put in place, but they want guarantees that the rockets stop coming out of gaza. so they'll won't that kind of security put into place before they sign up to anything. >> stephanie, thank you ver
they were short down by the iron dome missile defense system. but so far the violence hasn't stopped. it's been going back and forth. the worst attack, a residential building, two stories that collapsed after it was hit, 12 killed, ten of those from the same family. >> i'm just thinking back to when hamas did legally win the general elections in 2006. they then seized control of gaza 2007 and kept the block and i had in place. do you think the israelis are doing everything they can to...
140
140
Nov 12, 2012
11/12
by
CNBC
tv
eye 140
favorite 0
quote 0
the rise of women in the defense sector. hey, jane. >> first, lockheed martin begins its second century with a big change in the corner office brought about by scandal with the resignation of incoming ceo described as a lengthy and close personal relationship with a subordinate which violates lockheed's nonnegotiate set of values. marilyn hewson gets the top job january 1st. sooefe she's worked her way up in the company nearly 30 years. her knowledge of operations will make the transition, quote, seamless. >> she's consistently grown revenue, expanded margins, generated cash. and for the past eight months has been working directly with me on a daily basis to transition the executive office. >> i think it's also important that a leader put in place an environment where people can do their best work, where they feel comfortable to bring their best ideas forward. after all, as a corporation, we are a technology leader and we need that innovation and technology and ideas every day. >> i guess the only question is why didn't she
the rise of women in the defense sector. hey, jane. >> first, lockheed martin begins its second century with a big change in the corner office brought about by scandal with the resignation of incoming ceo described as a lengthy and close personal relationship with a subordinate which violates lockheed's nonnegotiate set of values. marilyn hewson gets the top job january 1st. sooefe she's worked her way up in the company nearly 30 years. her knowledge of operations will make the...
223
223
Dec 3, 2012
12/12
by
CNBC
tv
eye 223
favorite 0
quote 0
defensive stocks also helped you push the asx 200 higher. sensex trading lower by 0.3%. back to you. >> all right. here we are european stocks, first trading day of december, an hour and ten minutes in to the session. not bad last month. ftse up 1.5%. we're weighted to the up side a little bit more than 7:2, advancers outpacing decliners on the stoxx 600. ftse up 1.5% last month, dax up 2, contact 340 up nearly 4%, xetra dax up 0.4%. the ibex fairly flat. let's show you where we are with bond rates, as well. we'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a li
defensive stocks also helped you push the asx 200 higher. sensex trading lower by 0.3%. back to you. >> all right. here we are european stocks, first trading day of december, an hour and ten minutes in to the session. not bad last month. ftse up 1.5%. we're weighted to the up side a little bit more than 7:2, advancers outpacing decliners on the stoxx 600. ftse up 1.5% last month, dax up 2, contact 340 up nearly 4%, xetra dax up 0.4%. the ibex fairly flat. let's show you where we are with...
196
196
Mar 2, 2012
03/12
by
CNBC
tv
eye 196
favorite 0
quote 0
another point i would make in defense of it. i'm not wild about what the banks are doing but another point is look at the action. if you look at the survey from the end of last year on the verge of a very, very significant credit crunch. the first ltro did nothing to actually reverse that. you saw that loans to companies did reduce very slightly last month, but you have to think that without the ltro we would have gone into a very serious credit crunch at the beginning of this year and that would have been very you ugly, negative repercussions to the economy. to that extent you can say it's having a positive effect because it's averted even worse. >> how much lower can we push you we have btp below 5%. we have two below 2%. sort of a big position. banks can't be in two places. one in the ecb and the other short term government debt. so how long will that beneficial impact be for? >> i think we brought most of it to this point in the way the ltro is a negative and from now on the reform implementation because in addition to l it
another point i would make in defense of it. i'm not wild about what the banks are doing but another point is look at the action. if you look at the survey from the end of last year on the verge of a very, very significant credit crunch. the first ltro did nothing to actually reverse that. you saw that loans to companies did reduce very slightly last month, but you have to think that without the ltro we would have gone into a very serious credit crunch at the beginning of this year and that...
155
155
Dec 4, 2012
12/12
by
CNBC
tv
eye 155
favorite 0
quote 0
banks, miners and defensive stocks broadly lower. sensex trading higher by 0.2%. back to you. >> catch you a little later. that's the latest from singapore. let's get the view with daniel morris, jpmorgan. daniel, good to see you. what's your view at the moment? i want to put the u.s. data into context on the ism manufacturing because it didn't tally with markets of smaller companies, as well, so what does it mean? >> you kind of picked the one that you want or at least tells the story that you want to tell. they kind of balance each other out, one positive, one negative. so if you look at the other trends for the economy, it's still the same of steady slow appreciation and that there really i don't believe is any effect from the supposed anxiety about the fiscal cliff. i think people know there will be some type of resolution. we didn't know the details or when. but companies are still investing the way they would normally do and they're not stopping because of -- >> that doesn't make us quake a bit about the jobs report later this will week and what that does fo
banks, miners and defensive stocks broadly lower. sensex trading higher by 0.2%. back to you. >> catch you a little later. that's the latest from singapore. let's get the view with daniel morris, jpmorgan. daniel, good to see you. what's your view at the moment? i want to put the u.s. data into context on the ism manufacturing because it didn't tally with markets of smaller companies, as well, so what does it mean? >> you kind of picked the one that you want or at least tells the...
219
219
Nov 12, 2012
11/12
by
CNBC
tv
eye 219
favorite 0
quote 0
all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and president obama will be doing a lot of talking about the increase this week. he plans to meet with labor and progressive political leaders tomorrow, business executives on which is and civic leaderses on friday. that's also the day the frommed is scheduled to meet with house and senate leaders to begin talks to avoid tax hikes. they want to raise taxes for wealthy americans. bill gross says the fiscal cliff is deeper than advertised. in a tweet, he's described it as more like a grand canyon. jim o'neill has warned clients that positive momentum was turning negative because of
all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and...
277
277
Jul 4, 2012
07/12
by
CNBC
tv
eye 277
favorite 0
quote 0
he's expected to mount a defense of his organization and that of his former employer. the outgoing chairman marcus aigis explained why he decided to leave just one day after his resignati resignation. >> he saw the public interest in this whole area had not reduced. >> what was it that changed his mind? >> i think the fact this intensity was going to continue on. he felt he couldn't do what he needed to do. >> joining us is kelly evans. a great deal of attention on what bob diamond says today. he's rather freer to say whatever he likes because he's not the ceo of barclays anymore. very different perspective which he'll bring to the treasury select committee today. >> barclays in releasing its documents did warn because of legal concerns he may not be able to get into a lot deaf tail. hello from here in front of parliament. shown in quite capable hands in the studio, of course. i'm thrilled to be joined by lauren john mg fall. thank you for your time. would you give us an idea of what we should expect to happen just after 2:00 p.m.? >> given the flurry of news stories,
he's expected to mount a defense of his organization and that of his former employer. the outgoing chairman marcus aigis explained why he decided to leave just one day after his resignati resignation. >> he saw the public interest in this whole area had not reduced. >> what was it that changed his mind? >> i think the fact this intensity was going to continue on. he felt he couldn't do what he needed to do. >> joining us is kelly evans. a great deal of attention on what...
349
349
Jul 9, 2012
07/12
by
CNBC
tv
eye 349
favorite 0
quote 0
it's the fbi. >> not even defense stuff. they would like to steal -- >> everything it sounds like. >> commercial. >> high-tech stuff or even consumer stuff? yeah? >> you know, i have -- we have encountered and described, yeah, they go after let's call it technology of any kind where they could then recreate the technology back in china and manufacture it at a cheaper price. not paying for the r&d and extends to things as well like correspondence between the ceo and cfo and i know it for fact. if there's a resource deal going on in the world, the chinese want to know about it and likelihood is they know about it spying on the companies involved. >> david, have you seen what they have done with it? meaning, is there proof on the other end we have seen them take that information and use it meaningfully? >> that's where it's more circumstantial. we can draw a logical conclusion, perhaps beyond a reasonable doubt but nonetheless the chinese deny they're involved whatsoever and the linkages between the chinese government and ma of
it's the fbi. >> not even defense stuff. they would like to steal -- >> everything it sounds like. >> commercial. >> high-tech stuff or even consumer stuff? yeah? >> you know, i have -- we have encountered and described, yeah, they go after let's call it technology of any kind where they could then recreate the technology back in china and manufacture it at a cheaper price. not paying for the r&d and extends to things as well like correspondence between the ceo...
253
253
Dec 13, 2012
12/12
by
CNBC
tv
eye 253
favorite 0
quote 0
defensives were black. back to you. >> let's take a look now at what's happening in markets across europe. kind of mixed trade. more decliners than advancers. some of the decliners include danone which is embarking on a cost cutting plan. but the stoxx europe 600 broadly speaking down about .25%. the major bourses have been on a nice run over the last several trading sessions today. adding to that, the ftse up another .4%. we know the sell-off that we saw on monday and the monte/berlusconi news, now berlusconi might be indicating willingness to let monti govern. the xetra dax is lower this morning. the ftse 100, too, down about 0.2% respectively. take a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that p
defensives were black. back to you. >> let's take a look now at what's happening in markets across europe. kind of mixed trade. more decliners than advancers. some of the decliners include danone which is embarking on a cost cutting plan. but the stoxx europe 600 broadly speaking down about .25%. the major bourses have been on a nice run over the last several trading sessions today. adding to that, the ftse up another .4%. we know the sell-off that we saw on monday and the...
257
257
May 14, 2012
05/12
by
CNBC
tv
eye 257
favorite 0
quote 0
even defensive end. food and beverage off 1%. construction material down. no surprise to see banks down again this morning as we see yields in spain rising. even more of a leverage play on their government's debt and of course we've started to detail the amount of extra capital that banks will have to put into meet the provisions for real estate. basic resources also down 2.25%. no impact at all for the china rrr cut. just show you where we stand with some of the bank stocks. 3% losses for the likes of socgen and bnp. >> these are your headlines this morning. jpmorgan's $2 billion wlun der expected to blame its first victims. at least three executives are are set to resign. italian yields rise to the highest in five months at an auction of three year debt, demand still strong as top targeted amount was raised. and ceo at yahoo! resigns and more twists to his shorten you're at the company. >> and also something of a shareholder pay spring going on. in the uk, the chief at aviva has been forced to quit over reports of his pay. rich ricci still with us. if you
even defensive end. food and beverage off 1%. construction material down. no surprise to see banks down again this morning as we see yields in spain rising. even more of a leverage play on their government's debt and of course we've started to detail the amount of extra capital that banks will have to put into meet the provisions for real estate. basic resources also down 2.25%. no impact at all for the china rrr cut. just show you where we stand with some of the bank stocks. 3% losses for the...
210
210
Nov 23, 2012
11/12
by
CNBC
tv
eye 210
favorite 0
quote 0
they will shoot if anyone enters and it appear that's what happened, although right now the israeli defense forces are not saying that they know of anyone being killed there. our source in gaza is this young man's brother. so we're waiting to get some sort of confirmation on the israeli side of exactly what happened. this could be problematic for what is already a very delicate seat fire. and it's interesting here in this country, you have quite a mixed reaction as to the cease fire itself. this gaza, they have been celebrating. here, not exactly. about 59% of the people, a majority in this country, said they wanted this offensive to go on further. they didn't want to end right away. they didn't being the jnidn't t done. a third of the people said they felt israeli troops should go in on the ground. we spent the day yesterday in the south, a place bombarded by rockets and we heard a similar sent chlt. a number of people tellings thaws they were very disappointed with netanyahu. yesterday good gaza, a national day of celebration. you saw people in the streets celebrating, they felt this was
they will shoot if anyone enters and it appear that's what happened, although right now the israeli defense forces are not saying that they know of anyone being killed there. our source in gaza is this young man's brother. so we're waiting to get some sort of confirmation on the israeli side of exactly what happened. this could be problematic for what is already a very delicate seat fire. and it's interesting here in this country, you have quite a mixed reaction as to the cease fire itself....
174
174
Jun 25, 2012
06/12
by
CNBC
tv
eye 174
favorite 0
quote 0
cnbc asia is looking at how they protect their portfolio playing defense. the focus today is on sovereign debt. joining us is the head of the company. still with us is seng wun. i heard on page nine, if you want to read it, if we get any big bazookas, is it hard to see investors not still sitting on the sidelines and using bunds, gilts and resries? >> it's quite messy at the moment. there's clearly a distortion that all the liquidity has been injected and i guess that has confused investors in terms of what the real prices of any risk asset is in the market. that said, we've made some political strides. there's been a general exception in spain there is a problem. we are a long way away from evil hedge funds, you know, distorting the markets. so there is at least an acceptance from the european leaders, there is a fundamental issue within the eu and the sovereign. >> i guess the first step is admitting you have a problem. we showed spanish ten year at about 6.5%, would you buy it at these levels? >> again, i think a lot of these prices are a function of the
cnbc asia is looking at how they protect their portfolio playing defense. the focus today is on sovereign debt. joining us is the head of the company. still with us is seng wun. i heard on page nine, if you want to read it, if we get any big bazookas, is it hard to see investors not still sitting on the sidelines and using bunds, gilts and resries? >> it's quite messy at the moment. there's clearly a distortion that all the liquidity has been injected and i guess that has confused...
250
250
Nov 13, 2012
11/12
by
CNBC
tv
eye 250
favorite 0
quote 0
one should have thought they had debated their little differences before and agreed on the line of defense or on a line of marketing and then they have the spat in front of the press at midnight. wasn't very helpful at all. and totally unexpected. clearly we wouldn't have seen a decision on the disimabout yourselfment of the latest tranche today anyway because if we change the time horizon, we need parliamentary approval. last night it very much looked like as if the german parliament might vote on it at the beginning of the week and then we would have this special ecofin that is supposedly deciding where we're headed right now. but it looks as though it will be the other way around. we have to have the decision of the ecofin on the table first. when we have the decision of the ecofin, the respective finance ministers will go back to their parliaments. i know that the germans definitely have to. with the others, it's a little more free flow. and after that, hopefully the money can be disimabout yourselfed. theydy say they have to have a solution within a week. so next week should be intere
one should have thought they had debated their little differences before and agreed on the line of defense or on a line of marketing and then they have the spat in front of the press at midnight. wasn't very helpful at all. and totally unexpected. clearly we wouldn't have seen a decision on the disimabout yourselfment of the latest tranche today anyway because if we change the time horizon, we need parliamentary approval. last night it very much looked like as if the german parliament might...
224
224
Feb 15, 2012
02/12
by
CNBC
tv
eye 224
favorite 0
quote 0
it really saw quite a vigorous defense of. it said this plane is absolutely safe to fly. they have 30 deliveries on schedule and still they're cautious. as they said, christine, they're extending checks for fractures in the a 380 program of the entire fleet. earlier in the day i asked if the a 380 glitches would affect other airbuses in the program. this is what he had to say. >> we make no compromises. we have a thorough investigation. how we could make these mistakes in the first place and eradicate sources. >> this is a full court press to reassure the public and the investors in the broad market. we also had from the chief operating officer john lee, he trotted out statistics, really trying to confirm the view the confidence in the a380 is intact. a380 lands and takes off somewhere in the world every ten minutes is what he said. he also said there are 69 a380s in service. they're trying to build confidence. this isn't over by any stretch of the imagination. christine? >> that provide as nice segue into nye my next question. what's the industry saying as the next big s
it really saw quite a vigorous defense of. it said this plane is absolutely safe to fly. they have 30 deliveries on schedule and still they're cautious. as they said, christine, they're extending checks for fractures in the a 380 program of the entire fleet. earlier in the day i asked if the a 380 glitches would affect other airbuses in the program. this is what he had to say. >> we make no compromises. we have a thorough investigation. how we could make these mistakes in the first place...
172
172
May 24, 2012
05/12
by
CNBC
tv
eye 172
favorite 0
quote 0
that people have shunned macro sensitive sectors and really favored more of the consumption and more defensive sectors. so we see that most of those sectors are trading at valuations that are not particularly attractive versus their history. comparatively, i think more of the macro sensitive sectors are really very good values. maybe at trough valuations even well below 2008 financial crisis levels. so the sectors we favor would include banks which is trading at about six times pe this year. and still mid teens earnings growth. we also like some of the domestic cyclicals. for example, retail, which is a consumption cyclical, as well as cement which is a more supply tight investment cyclical. the only sector that we have an overweight at the moment which is not so macro sensitive is the health care sector, where we think it that actually valuations have come down significantly and for 20% plus earnings growth, we think is a relatively decent industry point on probably most of the regulatory risks already being priced in. >> cyclicals and cement. cement can be its own sector it seems. >> interes
that people have shunned macro sensitive sectors and really favored more of the consumption and more defensive sectors. so we see that most of those sectors are trading at valuations that are not particularly attractive versus their history. comparatively, i think more of the macro sensitive sectors are really very good values. maybe at trough valuations even well below 2008 financial crisis levels. so the sectors we favor would include banks which is trading at about six times pe this year....
293
293
May 23, 2012
05/12
by
CNBC
tv
eye 293
favorite 0
quote 0
ortho home defense max. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world. >>> good wednesday morning. welcome to the third hour of squawk on the streets. want to get a check on the markets. dow down 162. s&p down 117 around 1300. the nasdaq down 34 on some weakness surrounding tech. dell is the worst performing stock and hp the second. dell missing first quarter sales and issuing some weak guidance. hp weaker before it reports after the bell tonight. expedia, one of the biggest winners of about 6%. pip piper jaffrey raising it. if the euro keeps falling, i may go on a european view kags too. let's send it over to brian. >>> dell down about 17%. if it holds up, it will be the worst day since november 10th of 2000. excuse me.
ortho home defense max. but not how we get there. because in this business, there are no straight lines. only the twists and turns of an unpredictable industry. so the eighty-thousand employees at delta... must anticipate the unexpected. and never let the rules overrule common sense. this is how we tame the unwieldiness of air travel, until it's not just lines you see... it's the world. >>> good wednesday morning. welcome to the third hour of squawk on the streets. want to get a check...
262
262
Jan 30, 2012
01/12
by
CNBC
tv
eye 262
favorite 0
quote 0
i understand that you're optimistic about italian defense company is not very good. the company has had a lot of problems which always interests me. why are you bull iish? >> jim, it has had a lot of problems and was dogged by a corruption investigation before christmas and resulted in the resignation of the chairman but, look, finmeccanica out with the old, berlusconi is gone. direct directly responsible for a 30% stake in the company which the italian treasury owns and we think it's something of a new one. three companies are in hopefully in line for a decent contract from the union government. i think one today was announced for a new missile program. we think it's a proxy for a cleanup of italian business. yes, the corruption investigation will hamper them. yes, of course, they're not immune from the eurozone and italy. coming from a low base and we think this is the one with the most potential on the upside in that sector. >> darren, we very much enjoyed speaking stocks with you. senior sales trader at silverwind securities and jim rogers of rogers holdings will
i understand that you're optimistic about italian defense company is not very good. the company has had a lot of problems which always interests me. why are you bull iish? >> jim, it has had a lot of problems and was dogged by a corruption investigation before christmas and resulted in the resignation of the chairman but, look, finmeccanica out with the old, berlusconi is gone. direct directly responsible for a 30% stake in the company which the italian treasury owns and we think it's...
226
226
Feb 1, 2012
02/12
by
CNBC
tv
eye 226
favorite 0
quote 0
but even the defensive end of the market is firming up, as well, today. so the weaker sectors, health care, telecom, media, food and beverage are still up. 1.31 is where we stand on euro/dollar. euro/yen, 99.7. we expect some pressures on the bond market. the gilt rising a little bit after that. the ten-year gilt, 1.99%. we are getting support from banks for this yield here, the ten-year btp, 5.76%. continue-year treasuries, 5.782%. now yielding slightly more than treasuries. that should be supported for euro/dollar. christine. >> over in south korea, this is what's happening in the country sporting a surprisingly sharp drop in exports in the month of january. inflation dips as the eurozone debt crisis continues to hurt the local economy. but investors are slugging off the data. banking on china to support global demand. on the earnings front, south korea's lg electronics seems to have lived up to its mantra. apparently life is good or it's getting better. >> that's right, christine. lg electronics, the world's number two tvmaker had a profit of $21 milli
but even the defensive end of the market is firming up, as well, today. so the weaker sectors, health care, telecom, media, food and beverage are still up. 1.31 is where we stand on euro/dollar. euro/yen, 99.7. we expect some pressures on the bond market. the gilt rising a little bit after that. the ten-year gilt, 1.99%. we are getting support from banks for this yield here, the ten-year btp, 5.76%. continue-year treasuries, 5.782%. now yielding slightly more than treasuries. that should be...
170
170
Nov 20, 2012
11/12
by
CNBC
tv
eye 170
favorite 0
quote 0
overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza now. 26 of those are children. so nearly a quarter killed has been children which is growing to the call of a necessary cease fire to figure out how these two sides can come to terms to stop this violence for now. >> okay on. thanks very much, chapman. shareholders of glencore have approved the deal with ex-trxst. we'll get more on that. but right now let's get the global markets report in singapore. >> composite slipped to a seven week low. financials, commodities and railway stocks led the losses. the water place rallied. shares in hong kong also turned lower in late trade hurt by weaknes
overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within...
261
261
May 2, 2012
05/12
by
CNBC
tv
eye 261
favorite 0
quote 0
equities that are going to be more defensive, paying high dividend yields. then i'm going to be looking at corporate bonds. then we'll be looking at treasuries as well as the merging market bonds and some high yield bonds as well. it's in that context really where what we're trying to do is the return of our clients' money. again, the risks that we see is that there's sim already more downside from here than there is upside. >> t. doug, i would come in at this point. why do we need to take a position on it at all? when i look at the performance of the euro stoxx 600 versus -- pretty much any time frame you want to look at, there's been a significant outperformance. why continue to play that one if you want to be a little bit more risk averse? >> well, you could. i would just simply say that, you know, again, the risks here are -- right now, i think, are not being recognized in general in stocks globally. if you think back to where we were back in this time, 2011 as well as 2010, the data was doing the same thing. the data was looking like it was improving an
equities that are going to be more defensive, paying high dividend yields. then i'm going to be looking at corporate bonds. then we'll be looking at treasuries as well as the merging market bonds and some high yield bonds as well. it's in that context really where what we're trying to do is the return of our clients' money. again, the risks that we see is that there's sim already more downside from here than there is upside. >> t. doug, i would come in at this point. why do we need to...
148
148
Jul 2, 2012
07/12
by
CNBC
tv
eye 148
favorite 0
quote 0
spain pretty ruthless carving up the italian defense. it's a fourth for the campaign spectacular and his star performance for spain. he planned to add to the work up victory in 2010. >> and they get to do it all over again at the olympics, right? >> no, the olympic teams are basically under 21 scores and e players. >> i'm doing my best to follow along. >> it's okay. >> all right. still to come on the show, it's best-known as one of the world's biggest exporters. but could china become one of the largest importers, instead? we'll discuss the change of trade after the break. #a#a#a#a#a#a'9#a+=#a#a#a#a#a +g#a >>> welcome back to the program. global trade could be turned on its head with china being one of the world's biggest importers. i eets one of the global connections trade forecast. i spoke to hsbc and here's what he had to say. >> i think that as we, you know, see going forward in the next 5, 10, 15 years, there is a clear rebalancing which is going on. and it is produced on exports to grow will start rebalancing towards his port. and
spain pretty ruthless carving up the italian defense. it's a fourth for the campaign spectacular and his star performance for spain. he planned to add to the work up victory in 2010. >> and they get to do it all over again at the olympics, right? >> no, the olympic teams are basically under 21 scores and e players. >> i'm doing my best to follow along. >> it's okay. >> all right. still to come on the show, it's best-known as one of the world's biggest exporters....
191
191
Dec 14, 2012
12/12
by
CNBC
tv
eye 191
favorite 0
quote 0
defense secretary panetta has order today deployment of troops and patriot missiles to turkey. this, of course, part of the u.s. trying to handle the syrian situation, syrian/turkey sharing a border there which turkey has expressed concern about as there have been come barredments reaching turkey and it is concerned about the refugee situation and the impact on their country. so this morning, just getting news that leon panetta has order today deployment of 400 personnel to turkey and signed the order to send the patriot missiles to that border. obama and boehner tried to jump start stalled budget talks as they meet face-to-face at the white house. shanghai shares see their biggest daily gain in more than thee years ahead of a an economic plan ahead of 2013. and business sentiment showers in the fourth quarter just days before japan's election. >>> now, the federal reserve has reportedly begun stress tests of the liquidity of some of the biggest foreign banks. the financial sometimes reports the tests are intended to guide regulatores and results won't be made public. there are
defense secretary panetta has order today deployment of troops and patriot missiles to turkey. this, of course, part of the u.s. trying to handle the syrian situation, syrian/turkey sharing a border there which turkey has expressed concern about as there have been come barredments reaching turkey and it is concerned about the refugee situation and the impact on their country. so this morning, just getting news that leon panetta has order today deployment of 400 personnel to turkey and signed...
327
327
Jun 28, 2012
06/12
by
CNBC
tv
eye 327
favorite 0
quote 0
ortho home defense max. so you can kill bugs inside, and keep bugs out. guaranteed. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, this is the next chapter for the rx and lexus. this is the pursuit of perfection. u >>> good morning. welcome back to "squawk box". let's get now to today's national weather forecast, alex wallace joining us from the weather channel and i expect it's going to be hot, h-0-t. >> we'll find ourselves more and more ways to describe hot over the next several days because that's main story fours. here's the outlook across the nat
ortho home defense max. so you can kill bugs inside, and keep bugs out. guaranteed. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. [...
402
402
Jun 29, 2012
06/12
by
CNBC
tv
eye 402
favorite 0
quote 0
ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. we're >> we're back on a friday morning sitting in the chairs and a couple of interesting stories that are making news today. one actually is a story that you should check out out actually nn today's paper. it's actually online and it was from wednesday but worth reading today. robert reich had an op-ed on salon.com where he predicted almost to a "t" what was going to happen in washington in the supreme court decision, said it was going to be upheld but because it was going to be upheld because chief justice roberts was going to be the swing vote to preserve what he said, the standing, the reputation of the court, given all of the, you know, we've seen polls that say it was at its lowest level. and it's a fascinating piece to read sort of retrospectively if you will. >> there are a lot of people who are writing about this now. the idea that h
ortho home defense max. with a new continuous spray wand. and a fast acting formula. so you can kill bugs inside, and keep bugs out. guaranteed. ortho home defense max. we're >> we're back on a friday morning sitting in the chairs and a couple of interesting stories that are making news today. one actually is a story that you should check out out actually nn today's paper. it's actually online and it was from wednesday but worth reading today. robert reich had an op-ed on salon.com where...
282
282
May 23, 2012
05/12
by
CNBC
tv
eye 282
favorite 0
quote 0
that for us means positioning defensively and getting along volatility. >> quick question here from our guest host jim o'neill from goldman sachs. >> very interesting to hear somebody from a wall perspective. what if anything to change your view about this? >> you know, again, derived from the options market. so if we saw, for example, spot vix come in here back below 20, and if that were sustained, then we would see implied correlation come in, which is broken out to new highs, term structures elevated, that would float lower, and skew also, which is now near multi-year highs would flatten out a bit. so it would lead with implied volatility, but once we saw implied vol move lower and these other market metrics come off, then we would be satisfied that this risk impulse was off. again, that's not our expectation. >> it's not your expectation, james. you've got a sense of sort of timing when we might get to an event? >> well, fortunately, this transition right now happens in an impulse. so vix 2250 close yesterday, it could be a matter of days, it could be a couple of weeks. but again, u
that for us means positioning defensively and getting along volatility. >> quick question here from our guest host jim o'neill from goldman sachs. >> very interesting to hear somebody from a wall perspective. what if anything to change your view about this? >> you know, again, derived from the options market. so if we saw, for example, spot vix come in here back below 20, and if that were sustained, then we would see implied correlation come in, which is broken out to new...
238
238
Jun 11, 2012
06/12
by
CNBC
tv
eye 238
favorite 0
quote 0
anyway, raj gupta on trial for insider trading won't take the stand in his own defense. gupta is charging with passing hedge information to another when he sat on the boards of goldman and procter & gamble. he's serving around 11-year prison sentence. after calling high-profile witnesses like goldman's lloyd. >> this is a live shot. gordon brown is testifying. this is an inquiry and their relationship between politicians and the media. later the current prime minister david cameron will also take too the stand. >> what's at stake for the levenson hearings? >> control of the press. >> that's a small one. >> yes. i think the point is the rules are already in place. they need everybody to obey the laws. >> well, we'll keep an eye on those throughout the day as well. you'll just have to forge ahead without me. >> you're off to vienna for the opec meeting. >> off to vienna. off to see the danube that that's it for the "worldwide exchange." coming up next "squawk box" stateside. have a positively beautiful day. >> thanks for tuning in. [ male announcer ] this is genco services
anyway, raj gupta on trial for insider trading won't take the stand in his own defense. gupta is charging with passing hedge information to another when he sat on the boards of goldman and procter & gamble. he's serving around 11-year prison sentence. after calling high-profile witnesses like goldman's lloyd. >> this is a live shot. gordon brown is testifying. this is an inquiry and their relationship between politicians and the media. later the current prime minister david cameron...
152
152
Dec 3, 2012
12/12
by
CNBC
tv
eye 152
favorite 0
quote 0
hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480 billion of defense cuts. sequestration almost doubles that. i think you'll see something north of 480 billion. substantially lower than that 950. what folks in defense industry have said is in addition to giving us a number, give us the ability to plan. one of the things that hobbles our defense industry more than anything is the absurd way we have run the federal government on three and six-month continuing resolutions. give us a window to plan and any legitimate business can plan against the budget. give us that number. >> some see that debt limit control being taken away from congress as
hasn't heard as much from defense. you are from a state that relies on that defense budget. it will get cut substantially. where does defense end up if we do get a deal? >> everybody wants to avoid sequestration. lots of my friends in the defense industry say don't do sequestration. do simpson-bowles indicating they have not read simpson-bowles because it was almost as high as sequestration in the top number. the numbers are roughly within the budget control act over ten years about $480...
354
354
Oct 12, 2012
10/12
by
CNBC
tv
eye 354
favorite 0
quote 0
>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the next hour. >>> wells fargo beating estimates but missing on revenue, company's conference call is just wrapping up. kayla tausche is monitoring that back at hq with details. >> a tough quarter at wells. the, kr eo expressing confidence in a housing recovery but not as robust as he would like. they expected the mortgage lender to benefit more. non-interest income was down and wells decided to keep $9.8 billion in fannie freddie conforming mortgages on its books instead of selling them and actually forfeited some $200 million in fees for well. cfo tim sloan said
>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the...
285
285
Feb 9, 2012
02/12
by
CNBC
tv
eye 285
favorite 0
quote 0
so when you see up here that they're cutting the defense potentially by 300 million, it may very well be two fingers up to the french and germans when they go back to brussels midday and say we're reaching the figur figures, we're not going to cut your pensions. >> who are they at war with? who -- who are they -- why do we need them right now? >> there's the huge influx of people coming from northern africa, a huge immigration. interesting i read, i don't know if it's true, that greece has paid a higher percentage of the gdp in defense, second only to the united states. >> wow, 1914. you know what? where's arch duke ferd nand when you need him? look, let me back up, it's great news for the stock market, get it off the table. >> is it really great? >> it's not off the table, it's kicked past march. >> well, we've been kicking things -- if they had lowered the rates in the ecb, if they estimated -- >> the election in april. there's an election in april in greece. so they can get their money in march and this is why they want to pay the money in an escrow account so they can hold their f
so when you see up here that they're cutting the defense potentially by 300 million, it may very well be two fingers up to the french and germans when they go back to brussels midday and say we're reaching the figur figures, we're not going to cut your pensions. >> who are they at war with? who -- who are they -- why do we need them right now? >> there's the huge influx of people coming from northern africa, a huge immigration. interesting i read, i don't know if it's true, that...
139
139
Jun 26, 2012
06/12
by
CNBC
tv
eye 139
favorite 0
quote 0
over in hong kong shares ended higher with strength in defensive sectors offsetting weakness in chinese banking majors and the macou gaming stocks. the nikkei share fell to a closing low today before parliament passed a controversial bill to double the sales tax. and elsewhere the kospi up about 0.4% in choppy trade as foreigners continued to sell local stocks. in australia trade volume was very light ahead of the fiscal year closing on june the 30th. a quick check on the sensex now down. now back to you. >> okay, tracey, thanks very much. that's the latest out of singapore. >> yes, it is. >> eurozone officials say cypress may need up to 10 billion in aid. the exact amount has not yet been decided but it's thought to be between 8 billion and 10 billion. cyprus has three days left to meet a deadline. at the same time vassilis rapanos has resigned as the greek finance minister because of ill health. rapanos the current chairman of the national bank of greece took ill on friday before being sworn into the position. elected to the new prime minister antonis samaras he wrote after discussion
over in hong kong shares ended higher with strength in defensive sectors offsetting weakness in chinese banking majors and the macou gaming stocks. the nikkei share fell to a closing low today before parliament passed a controversial bill to double the sales tax. and elsewhere the kospi up about 0.4% in choppy trade as foreigners continued to sell local stocks. in australia trade volume was very light ahead of the fiscal year closing on june the 30th. a quick check on the sensex now down. now...
225
225
Nov 21, 2012
11/12
by
CNBC
tv
eye 225
favorite 0
quote 0
overnight, israeli defense forces attacked again about 100 targets in the gaza strip. today, the militants within the gaza strip have launched about 30 rockets into israel, so the violence continues, even though we seem to be getting more and more people involved in making a cease fire come to a conclusion and end this violence as we begin this second week of this conflict. ross? >> thank you for that. we'll talk to you a little bit later. chapman bell from tel aviv. >>> officials from six world powers are meeting in brussels to plan for a possible new round of talks with iran to avert the threat of a military conflict. also, japan's trade deficit has widened, exacerbated by territorial tensions. now we have the details from tokyo. >> reporter: hi, ross. japan's finance ministry reported a bigger than expected trade deficit of $6.7 billion for october. that's a record for the month and marked the fourth straight month of red ink in japan's trade account. exports fell 6.5% on the year to $62.8 billion for the fifth month in a row. car exports fell 12% with shipments to
overnight, israeli defense forces attacked again about 100 targets in the gaza strip. today, the militants within the gaza strip have launched about 30 rockets into israel, so the violence continues, even though we seem to be getting more and more people involved in making a cease fire come to a conclusion and end this violence as we begin this second week of this conflict. ross? >> thank you for that. we'll talk to you a little bit later. chapman bell from tel aviv. >>>...
284
284
Jan 30, 2012
01/12
by
CNBC
tv
eye 284
favorite 0
quote 0
you look and see right now the momentum seems to be with them, and i think they have a great defense and you know, i mean bob craft has done a great job and tom brady, something to bet against. >> is there a little bit of the underdog thing going for you? >> you live in new york. you read the papers, how are you not going to get caught up in that? >> the great, who was it, mike jackson just talking about eli, the working man, the giants are down in the trenches, and then you got giselle and tom out in the palisades and the mansion and the perfect couple of all-time and brady looks like fabio, only better looking and bigger. it's a great dynamic, great for -- >> even more chiselled. >> he's more chiselled than fabio so it's unbelievable matchup. >> great matchup especially since the game is in indianapolis. >> that, too. with manning and everything else. can i drag you into this? >> you're dragging me into this. >> stephen ross, thank you very much. i do say go giants because i'm a new yorker. >> good. hold on. >>> coming up we'll head to the new york stock exchange. "squawk box" is c
you look and see right now the momentum seems to be with them, and i think they have a great defense and you know, i mean bob craft has done a great job and tom brady, something to bet against. >> is there a little bit of the underdog thing going for you? >> you live in new york. you read the papers, how are you not going to get caught up in that? >> the great, who was it, mike jackson just talking about eli, the working man, the giants are down in the trenches, and then you...
230
230
Feb 22, 2012
02/12
by
CNBC
tv
eye 230
favorite 0
quote 0
those are the two markets traders are watching the tone in the s&p is looking for more defensive action into the isms next week. i think an orderly decline would be a good test, maybe something into the low 1340s. >>> forget italy, man, japan has an awfully big one, doesn't it? >> you bet. the idea that they stepped on the gas, moving their currency down, getting back into the game with all the other central banks, i think that added a lot to the movement of movement around the world towards what people have termed risk on, but i just think that the market has had a great move since october/november, an orderly decline that began to develop and give us a chance to get some as-expected news at the end of the month on production. >> all right, kevin, thank you. >>> back over to you, melissa. >>> let's check back in with rick santelli who's standing by in chicago. >> hi, melissa. all the futures markets for fx are down today. not a big occurrence, rare, whether you look at the yen, the pe peso, the canadian glare, the aussie dollar, the british pound, the euro currency or franc. so we want
those are the two markets traders are watching the tone in the s&p is looking for more defensive action into the isms next week. i think an orderly decline would be a good test, maybe something into the low 1340s. >>> forget italy, man, japan has an awfully big one, doesn't it? >> you bet. the idea that they stepped on the gas, moving their currency down, getting back into the game with all the other central banks, i think that added a lot to the movement of movement around...
240
240
Jul 25, 2012
07/12
by
CNBC
tv
eye 240
favorite 0
quote 0
in the '90s we were building the technology infrastructure for the world with defense technologies moving to something like optics and wireless and large software systems. but today a lot of what we're focusing on is the consumer, as he or she is called, but it's really the individual. and here we need applications. we need to add to the engineers, artists and writers and advertisers and a lot of additional disciplines. and innovation today in israel is really leading the economy to be much stronger than many other places. >> that may be the case, but japan is also an extremely innovative country. certainly has been leading the way with regards to new technologies over the years. and that still isn't the swing factor. that still isn't enough. why should we think that, you know, that this is going to be the way out for om of these economies plagued by much bigger problems? >> well, you know, the younger people are trying to tell people in japan or in europe, they're trying to tell their leaders not only to solve their fiscal problems, but they're trying to tell them, we have ideas, we have
in the '90s we were building the technology infrastructure for the world with defense technologies moving to something like optics and wireless and large software systems. but today a lot of what we're focusing on is the consumer, as he or she is called, but it's really the individual. and here we need applications. we need to add to the engineers, artists and writers and advertisers and a lot of additional disciplines. and innovation today in israel is really leading the economy to be much...
208
208
Mar 1, 2012
03/12
by
CNBC
tv
eye 208
favorite 0
quote 0
coming out of the holiday they've been above plans and today's plan illustrates not only is the defensive side of the store doing well like food, but apparel running up double digits. the stock was strong heading in today, but i think there was some anticipate that comps would be above plan, but i think there continues to be an opportunity, especially as they come into march, so that's one where we believe there continues to be opportunity in the stock. >> target was at a 14-month high yesterday. >> is there any way you can help give us clarity on how gap put together the month they did. >> sure. i think what's going on, colored denim is a very strong trend and i think you're seeing old navy's comps were particularly strong. the depend store, there's a lot of reshuffling of share. with j.c. penney toning down couponing and promotions, i think gap and especially old navy probably a beneficiary of some of that share shift. >> adriane, thanks very much. >>> facebook is looking to beef up ad prospects. will it be enough to successfully pave the way? we'll break down facebook's latest move in
coming out of the holiday they've been above plans and today's plan illustrates not only is the defensive side of the store doing well like food, but apparel running up double digits. the stock was strong heading in today, but i think there was some anticipate that comps would be above plan, but i think there continues to be an opportunity, especially as they come into march, so that's one where we believe there continues to be opportunity in the stock. >> target was at a 14-month high...
225
225
Jun 4, 2012
06/12
by
CNBC
tv
eye 225
favorite 0
quote 0
but if you're just now deciding to get defensive, it's a bit late for that. >> all right. thank you. >>> coming up, what the jobs report means for the most of election. and plus it's monday in june, so we're on supreme court decision watch. but first, this is no joke. bill maher now owns a stake in the new york mets. the stand up comic was at citifield and revealed he bought a minority share months ago. he grew up in nearby new jersey and has been a mets fan his whole life. wouldn't disclose how much he spent or how large his stake is. >>> i was thinking about kyle and how cute he is and how much he loves the duck. i was going see about if i can read these like duck, but it's not clear enough. if you're just waking up -- he's probably not up. >> might be. >> u.s. equity futures at this hour are indicated down about 0.4% as you can see there on the s&p and dow jones. european stocks are i guess you would call help mixed. greece pretty ugly. uk closed. why is it closed? >> i don't know what the holiday is. is it the jubilee? >> that's right. so more than one day. >> i though
but if you're just now deciding to get defensive, it's a bit late for that. >> all right. thank you. >>> coming up, what the jobs report means for the most of election. and plus it's monday in june, so we're on supreme court decision watch. but first, this is no joke. bill maher now owns a stake in the new york mets. the stand up comic was at citifield and revealed he bought a minority share months ago. he grew up in nearby new jersey and has been a mets fan his whole life....
199
199
Jul 9, 2012
07/12
by
CNBC
tv
eye 199
favorite 0
quote 0
where's the secretary of defense and the secretary of state? or will they watch it tonight and take action tomorrow. >> they know. they know. see you tomorrow, jim. more "squawk on the street" right after this. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event ends july 31st. ♪ tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd#
where's the secretary of defense and the secretary of state? or will they watch it tonight and take action tomorrow. >> they know. they know. see you tomorrow, jim. more "squawk on the street" right after this. [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event...